This footwear maker been showing some glaring resiliency to the market sell off holding strong at the upper rectangle chart pattern boundary for days while the market is dropping like a rock. For some reason, institutions are not selling this stock, at least not yet. Worth watching closely for a swing long and resumption of the upward trend.
Remember, there is nothing certain in trading. A stock that is not selling off today could sell off tomorrow. Always define your risk before entering a trade and step aside when the stock is not doing what you thought it "might" do.
Remember, there is nothing certain in trading. A stock that is not selling off today could sell off tomorrow. Always define your risk before entering a trade and step aside when the stock is not doing what you thought it "might" do.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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✔ Follow me on Twitter for trade updates on setups I am watching & trading 🎯
@taplot - twitter.com/TaPlot